101 Strathcona Avenue

Welcome to an outstanding opportunity with this Multi-Family Home for sale in Ottawa , located at 101 Strathcona Avenue, Ottawa. Nestled in the highly sought-after Glebe community, this impressive multiplex building boasts a solid brick exterior and combines classic charm with significant income-generating potential. With its prime location, just halfway between the picturesque Rideau Canal and the vibrant shops and cafés along Bank Street, this property is perfect for both investors and those looking for a live-in opportunity.

This remarkable building features a total of 17 rooms, including eight spacious bedrooms and two den areas, making it an ideal choice for professional tenants or families. The Multi-Family Home for sale in Ottawa comprises four legal units, with two of them being 2-bedroom units and the other two offering 3 bedrooms each, complete with modern conveniences such as dishwashers. Each suite is bright and well-maintained, ensuring a comfortable living environment for residents.

The property at 101 Strathcona Avenue, Ottawa, also includes three kitchens, providing ample cooking space for all tenants. While the home does not feature a family room or a fireplace, it compensates with multiple balconies that offer lovely outdoor spaces for relaxation. Additionally, the convenience of a coin-operated laundry facility adds to the appeal, providing both comfort and an extra income stream.

With a total of four bathrooms, this Multi-Family Home for sale in Ottawa ensures that all tenants have easy access to facilities. The building has been well cared for, with recent system updates enhancing its efficiency and reliability. The age of the property exceeds 100 years, adding to its character with original features such as very high ceilings, transom windows, hardwood floors, and exquisite original trim. Updated antique light fixtures and large windows further enhance the timeless appeal of this charming home.

Situated on a generous lot measuring 48 x 96 feet, this property includes a detached garage with space for two vehicles, along with a private double driveway that accommodates an additional two parking spaces. Although there is no pool on the premises, the location offers easy access to local parks and recreational areas, making it a fantastic option for those who enjoy outdoor activities.

The Multi-Family Home for sale in Ottawa is located in a vibrant neighbourhood that provides a wonderful lifestyle balance. Residents will appreciate the close proximity to the Canal pathways, Lansdowne Park, schools, and all the amenities that Bank and Elgin Streets have to offer. The property sits mid-block on Strathcona Avenue, ensuring a peaceful living environment while still being close to the bustling heart of the city.

Investors will be particularly interested in the solid rental history and strong tenant demand that this building has enjoyed. With a projected cap rate above 5.1%, this property represents a rare combination of stability, location, and upside potential. The gross income is an impressive $111,900 per year, with expenses for 2024 estimated at $24,887, making it a lucrative investment opportunity.

Whether you are an investor seeking a turnkey opportunity or a homeowner looking for a property that offers both personal living space and income support from additional units, this Multi-Family Home for sale in Ottawa is truly a remarkable find. With its blend of classic charm, modern amenities, and a prime location, 101 Strathcona Avenue, Ottawa, is the perfect choice for those looking to make a sound investment in the heart of the Glebe. Don't miss out on this amazing opportunity!

Glebe, designated as community 4402 in Ottawa, is a charming and vibrant neighbourhood known for its rich history and picturesque streets. Nestled just south of the city centre, it boasts a delightful mix of heritage homes, trendy boutiques, and an array of cafes and restaurants that cater to diverse tastes. The community is particularly renowned for its lush parks and proximity to the Rideau Canal, offering ample opportunities for outdoor activities year-round, from skating in winter to leisurely strolls in summer. With a strong sense of local identity and an active community spirit, Glebe is an inviting place for those seeking a blend of urban convenience and a warm, neighbourhood feel.

Schools in the Neighbourhood

This property is ideally situated near several educational institutions, making it a great choice for families. Within a short distance, you'll find First Avenue Public School, an English-language elementary school rated 8.5, just 0.4 km away, catering to grades JK to 6. Glashan Public School, also an elementary school for grades 7 to 8, is located 0.5 km from the property, although it currently has no rating. For secondary education, Glebe Collegiate Institute, rated 7.7, is 1.2 km away, offering grades 9 to 12. Additionally, Elgin Street Public School (0.7 km) and Hopewell Avenue Public School (1.8 km) provide French-language education for younger students, with Hopewell rated an impressive 9. Corpus Christi School, a Catholic elementary school, is 0.9 km away, offering grades JK to 6 with a rating of 5.9. Finally, Immaculata High School, a Catholic secondary school for grades 7 to 12, is conveniently located just 0.6 km from the property, with a rating of 5.8. Overall, the area boasts a diverse range of schools, ensuring quality education options for children of all ages.